EVENING SNAPSHOT – Europe Markets Summary

21 January 2013 17:00[Source: ICIS news]

LONDON (ICIS)--Here is Monday’s end of day European oil and chemical market summary from ICIS.

CRUDE: February WTI: $95.10/bbl, down 46 cents/bbl. March BRENT: $111.50/bbl, down 39 cents/bblA quiet market with the US on holiday saw prices rangebound in negative territory over concerns of oversupply and weak global demand.

NAPHTHA: $929-930/tonne, up $1/tonne on low sideThe cargo range edged up $1/tonne on the low side, with two trades taking place in the afternoon. February swaps were assessed at $928-930/tonne.

BENZENE: $1,470-1,495/tonne, up $15-20/tonneThe market continued to edge up amid a bullish outlook. February was valued at $1,475-1,495/tonne.

STYRENE: $1,720-1,730/tonne, up $10-30/tonneThe market moved up in line with benzene. January traded at $1,725/tonne, and there was an unconfirmed deal at $1,710/tonne. February was slightly firmer at $1,720-1,740/tonne, and there was a March deal done at $1,745/tonne.

TOLUENE: $1,300-1,320/tonne, steadyThe market was quiet amid a balanced supply/demand dynamic and the range for January was unchanged.